Lending
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CFPB Proposes Amendments to TRID Rules
The Consumer Financial Protection Bureau (CFPB) has issued a 293 page proposal to amend the Truth in Lending and Real Estate Settlement Procedures Act integrated disclosures rules (TRID).
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CFPB Issues Consent Order to Bank for Overdraft Practices
The Consumer Financial Protection Bureau (CFPB) has issued a consent order to Santander Bank for violations related to its overdraft practices.
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New Rule Broadens Qualified Mortgage Coverage for Small Creditors
The CFPB has issued a rule that allows more small creditors to take advantage of provisions for operating in rural or underserved communities.
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FASB Releases Guidance on Lease Accounting
FASB has issued a standard that will substantially eliminate operating lease accounting for leases with terms longer than one year.
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CFPB Makes Minor Change to Property Tax Rules
The Consumer Financial Protection Bureau has corrected a typo to clarify that taxes and HOA/condo dues and fees are not subject to any TRID tolerances.
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Final Rule Issued on Small Creditors and Rural or Underserved Areas
The Consumer Financial Protection Bureau has issued a final rule changing the definition of “small creditor” and “rural area” in Regulation Z.
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TRID Compliance Deadline Extended by Two Days
The Consumer Financial Protection Bureau has proposed delaying the effective date of the Truth in Lending/Real Estate Settlement Procedures Act Integrated Disclosures rule (TRID) until October 3, 2015.
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TRID Rule Effective Date Delayed Until October
The Consumer Financial Protection Bureau has announced that the TRID rule effective date will be delayed until October 2015.
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HUD Announces Largest Settlement Ever for Mortgage Redlining
The U.S. Department of Housing and Urban Development has made a $200 million settlement with Associated Bank, N.A., for unfair lending practices against minority borrowers.
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CFPB Releases Updated Examination Procedures
The CFPB has released an update to help financial institutions comply with the TILA-RESPA integrated disclosure rule.